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Ch 3: Homework Question 12 of 13 Ivanhoe Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber,
Ch 3: Homework Question 12 of 13 Ivanhoe Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartonsand sent to the finished goods warehouse. All materials are added at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data June Beginningwork in process units 0 Units started into production 23760 Ending work in process units 2,160 Percent complete as to conversionending inventory 40% Cost Data Direct materials used in June $213,840 Direct Iabor incurred in June 57.888 Manufacturing overhead assigned in June 121,824 Total $393,552 Prepare a schedule showing physical units of product Physical units Units to be accounted for Workin process, June 1 started into production Total units Units accounted for Completed and transferred out SUPPORT Workin process, June 30 Total units /1 ... Units accounted for Completed and transferred out Work in process, June 30 Total units eTextbook and Media Determine the equivalent units of production for materials and conversion costs. Materials Conversion Costs Total equivalent units e Textbook and Media Compute the unit costs of production. Materials Conversion Costs Total Unit Cost Unit Costs $ $ eTextbook and Media Determine the costs to be assigned to the units completed and transferred out and to work in process for June. Transferred out SUPPORT Work in process, June 30 $ /1 ... Units to be accounted for Work in process, June 1 Started into production Total units Units accounted for Completed and transferred out Work in process, June 30 Total units Conversion Costs Materials Costs Unit costs Total Costs Equivalent units Unit costs Cost Reconciliation Schedule Costs to be accounted for SUPPORT Work in process, June $ - /1 Unit costs $ $ $ Cost Reconciliation Schedule Costs to be accounted for Work in process, June 1 Started into production Total costs Costs accounted for Completed and transferred out Work in process, June 30 Materials to Conversion costs Total costs eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer SUPPORT
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